0 Fern Ave Nashville, TN 37207
This exceptional 7.74-acre land assemblage in Nashville, TN, presents a remarkable opportunity for high-density multifamily development. Located at 1214 Brick Church Pike, in Davidson County, zip code 37207 (36.1957949, -86.7772344), this property is zoned TBZ MU-I and offers significant potential for a large-scale residential project, estimated to accommodate 400-600 units. The site's strategic location in the heart of Nashville provides easy access to urban amenities while maintaining a tranquil atmosphere. Currently leased, with the lease expiring August 1, 2024, this acquisition offers a steady income stream during the planning and development phases. The asking price is $40,000,000, translating to approximately $2,325,581 per acre. This represents a compelling investment in a rapidly growing market, allowing developers to capitalize on the high demand for housing in Nashville. The mixed-use zoning overlay further enhances the property's versatility and development potential, creating a unique opportunity to build a thriving residential community. Don't miss this chance to be part of Nashville's dynamic growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.